SUN - what to expect
Updated
SUN is moving in a downtrend towards a divergence of price. It looks like it is moving towards the top of the price channel but (I could be wrong) it is going to be pulled back to the demand zone highlighted in purple. A very usual behavior in order for the coin to gain momentum. Once it gets in the zone, it could either reverse smoothly or continues moving down till the bottom of the channel. If it happens to do the latter, it will aggressively reverse and breakout the channel boundaries.
Note
Below the blue line (neckline of a head n' shoulders) is temporary bearish to hit the demand zone again to achieve the targets.Note
see previous commentTrade active
Moving according to the planTrade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.